“Hotelplan UK has a strong tradition of excellence and high standards of quality and service, so as successful, growing businesses with tremendous customer loyalty and highly experienced teams with incredibly deep product expertise, both Explore and Regaldive fit perfectly with the overall philosophy, direction and ambition of the Hotelplan Group.”

Explore managing director, Ashley Toft, said: “It is an exciting time for all of us at Explore, with both our own company and the wider adventure travel sector growing fast.

“We are looking forward to joining forces with the enthusiastic team of like-minded travel people at Hotelplan.”

Regaldive director, Andreas Elia, added: “Regaldive’s mission has always been to provide holiday options for divers to some of the leading destinations around the world.

“I look forward to seeing our business continue to prosper as part of the Hotelplan Group.”

Holidaybreak Group chief executive, Peter Kerkar, said: “Our decision to sell Explore is undertaken following strong interest in its acquisition by trade buyers.

“We recognise that the continuation of its recent strong performance will be best facilitated by a dedicated tour operating group such as Hotelplan UK. We wish the management team and employees every success for the future.”

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